Description
Kindly write only Four paragraphs including the introduction, one page should be enough try to minimize it using funnel writing stile.
The theory of comparative advantage may be applied to a country’s output. Although natural resources within a country may often provide the best opportunity for comparative advantage, certain countries are able to specialize in technology, labor, or other comparative advantage due to various factor endowments. Investigate an example of a comparative advantage of a country which is not a natural resource and has been further augmented by additional investment in national infrastructure or education.
- Kindly use APA format &require supporting citations along with at least one scholarly, peer-reviewed
Explanation & Answer
Attached.
Running head: COMPARATIVE ADVANTAGE
Comparative Advantage
Student’s Name
Professor’s Name
Course Title
Date
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COMPARATIVE ADVANTAGE
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Comparative Advantage
The classic economic theory states that all countries have comparative advantages which
refer to the abilities to do things better than other nations (Rosenfield, 2017). An example is the US
that has a comparative advantage in the manufacturing industry. This advantage stems from
outsourcing, and the existence of highly innovative and educated people who draft and formulate
different products thus makes America dominan...
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